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Office Property Asking Rent - Lease Trends

Jun 16

vs. 3 mo. prior

Y-O-Y

-

State

$17.96

+0.6%

+3.0%

-

Metro

$18.45

+0.9%

+4.2%

-

County

$18.59

+0.9%

+4.4%

-

City

$15.63

+0.4%

+3.8%

The average asking rental rate per sq ft/year for Office properties in Mesa, AZ as of Jun 16 was $15.63. This represents an increase of 0.4% compared to the prior 3 months, with an increase of +3.8% year-over-year. County-wide, average rental rates in Mesa are +0.9% higher at $18.59 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

Jun 16

vs. 3 mo. prior

Y-O-Y

-

State

$7.73

+0.6%

+4.2%

-

Metro

$7.84

+0.8%

+4.6%

-

County

$7.92

+0.8%

+4.4%

-

City

$8.36

+0.3%

+0.4%

The average asking rental rate per sq ft/year for Industrial properties in Mesa, AZ as of Jun 16 was $8.36. This represents an increase of 0.3% compared to the prior 3 months, with an increase of +0.4% year-over-year. County-wide, average rental rates in Mesa are +0.8% higher at $7.92 per sq ft/year for Industrial properties currently for lease.

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Retail Property Asking Rent - Lease Trends

Jun 16

vs. 3 mo. prior

Y-O-Y

-

State

$13.69

+0.7%

+0.3%

-

Metro

$13.62

+0.6%

+0.4%

-

County

$13.77

+0.4%

+0.1%

-

City

$11.34

-4.9%

-7.5%

The average asking rental rate per sq ft/year for Retail Commercial properties in Mesa, AZ as of Jun 16 was $11.34. This represents a decrease of -4.9% compared to the prior 3 months, with a decrease of -7.5% year-over-year. County-wide, average rental rates in Mesa are +0.4% higher at $13.77 per sq ft/year for Retail Commercial properties currently for lease.